Shirley, aged 60, came to us during a very difficult time, when her husband was terminally ill. It was a life changing event and she needed advice in relation to her and her husband’s superannuation accounts and advice on how to manage this challenging turn of events.
Given these funds were in a unique type of superannuation environment, through our exhaustive research and our experience from similar situations, we were able to utilise a commutation and tax back strategy that increased the total superannuation payout from a ‘no action’ sum of $277,700 to $466,000 - an increase of $188,300
We also needed to ensure that everything was in order from an estate planning point of view, including binding nominations.
Following this we were able implement a super contribution strategy to provide Shirley with positive retirement planning outcomes. When she chose to retire, we were able to use these funds and her other superannuation monies to provide her with a sustainable, tax free retirement income, in line with her goals.
In addition to this, Shirley now receives ongoing financial planning advice, administration and portfolio management services.
We're here to help support you through life changing events with tailored strategies for your personal circumstances. Contact us to find out more.